Nordic American Tankers Limited(NAT)Earnings, Financials & Key Ratios
NAT•NYSE
$5.77
$1.22B mkt cap·26.2× P/E·Price updated May 6, 2026
AboutNordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.Show more
- Revenue$350M-10.7%
- EBITDA$133M-25.6%
- Net Income$47M-52.7%
- EPS (Diluted)0.22-53.2%
- Gross Margin30.35%-21.2%
- EBITDA Margin38.16%-16.6%
- Operating Margin22.11%-32.3%
- Net Margin13.34%-47.1%
- ROE8.91%-51.3%
- ROIC7.49%-37.7%
- Debt/Equity0.53-5.4%
- Interest Coverage2.52-40.0%
NAT Key Insights
Nordic American Tankers Limited (NAT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 35.9% free cash flow margin
- ✓Momentum leader: RS Rating 88 (top 12%)
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
NAT Price & Volume
Nordic American Tankers Limited (NAT) stock price & volume — 10-year historical chart
Loading chart...
NAT Growth Metrics
Nordic American Tankers Limited (NAT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.04%
5 Years1.97%
3 Years21.34%
TTM-16.03%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-96.96%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-96.9%
Return on Capital
10 Years4.05%
5 Years5.79%
3 Years10.08%
Last Year9.87%
NAT Recent Earnings
Nordic American Tankers Limited (NAT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 10/12 qtrs (83%)
Q1 2026Latest
Feb 26, 2026EPS
$0.06
Est $0.14
-58.1%
Revenue
$59M
Est $75M
-22.1%
Q4 2025
Nov 28, 2025EPS
$0.01
Est $0.10
-110.0%
Revenue
$75M
Est $70M
+6.6%
Q3 2025
Aug 28, 2025EPS
$0.00
Est $0.03
-113.4%
Revenue
$67M
Est $53M
+25.1%
Q2 2025
May 29, 2025EPS
$0.02
Est $0.01
+300.0%
Revenue
$65M
Est $44M
+47.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.06vs $0.14-58.1% | $59Mvs $75M-22.1% |
| Q4 2025 | Nov 28, 2025 | $0.01vs $0.10-110.0% | $75Mvs $70M+6.6% |
| Q3 2025 | Aug 28, 2025 | $0.00vs $0.03-113.4% | $67Mvs $53M+25.1% |
| Q2 2025 | May 29, 2025 | $0.02vs $0.01+300.0% | $65Mvs $44M+47.7% |
Based on last 12 quarters of dataView full earnings history →
NAT Peer Comparison
Nordic American Tankers Limited (NAT) competitors in Oil and Product Tankers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TNK | 2.76B | 79.37 | 7.86 | -22.58% | 36.9% | 17.18% | 0.03 | |
 INSW | 4.24B | 85.77 | 13.77 | -11.38% | 36.67% | 16.02% | 0.29 | |
 DHT | 3.05B | 18.94 | 14.46 | -13.04% | 42.37% | 19.28% | 0.38 | |
 STNG | 4.27B | 82.56 | 11.74 | -24.58% | 36.7% | 11.3% | 0.19 | |
 TK | 1.14B | 13.62 | 9.59 | -16.7% | 7.95% | 4.04% | 0.03 | |
 FRO | 8.39B | 37.70 | 16.91 | 13.77% | 12.34% | 9.37% | 1.60 | |
 ASC | 766.68M | 18.79 | 21.35 | -23.56% | 13.22% | 6.37% | 0.20 | |
 TPVG | 225.54M | 5.57 | 4.57 | 36.55% | 13.09% | 1.33 |
Compare NAT vs Peers
Nordic American Tankers Limited (NAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NAT Income Statement
Nordic American Tankers Limited (NAT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 357.45M | 297.14M | 289.02M | 317.22M | 354.62M | 195.76M | 339.34M | 391.69M | 349.74M | 280.95M |
| Revenue Growth % | -19.81% | -16.87% | -2.73% | 9.76% | 11.79% | -44.8% | 73.35% | 15.43% | -10.71% | -16.03% |
| Cost of Goods Sold | 297.14M | 330.8M | 306.12M | 271.77M | 255.81M | 264.29M | 284.37M | 240.91M | 243.61M | 234.31M |
| COGS % of Revenue | 83.13% | 111.33% | 105.92% | 85.67% | 72.14% | 135.01% | 83.8% | 61.5% | 69.65% | - |
| Gross Profit | 60.31M▲ 0% | -33.66M▼ 155.8% | -17.1M▲ 49.2% | 45.45M▲ 365.8% | 98.81M▲ 117.4% | -68.53M▼ 169.4% | 54.97M▲ 180.2% | 150.78M▲ 174.3% | 106.14M▼ 29.6% | 46.64M▲ 0% |
| Gross Margin % | 16.87% | -11.33% | -5.92% | 14.33% | 27.86% | -35.01% | 16.2% | 38.5% | 30.35% | 16.6% |
| Gross Profit Growth % | -56.26% | -155.81% | 49.19% | 365.77% | 117.4% | -169.36% | 180.22% | 174.28% | -29.61% | - |
| Operating Expenses | 12.3M | 12.57M | 12.73M | 13.48M | 17.59M | 15.62M | 18.8M | 22.89M | 28.82M | 29.32M |
| OpEx % of Revenue | 3.44% | 4.23% | 4.4% | 4.25% | 4.96% | 7.98% | 5.54% | 5.84% | 8.24% | - |
| Selling, General & Admin | 12.3M | 12.57M | 12.73M | 13.48M | 17.59M | 15.62M | 18.8M | 22.89M | 28.82M | 29.32M |
| SG&A % of Revenue | 3.44% | 4.23% | 4.4% | 4.25% | 4.96% | 7.98% | 5.54% | 5.84% | 8.24% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 48.01M▲ 0% | -46.23M▼ 196.3% | -29.83M▲ 35.5% | 31.97M▲ 207.2% | 81.23M▲ 154.1% | -84.15M▼ 203.6% | 36.18M▲ 143.0% | 127.89M▲ 253.5% | 77.31M▼ 39.5% | 17.32M▲ 0% |
| Operating Margin % | 13.43% | -15.56% | -10.32% | 10.08% | 22.91% | -42.99% | 10.66% | 32.65% | 22.11% | 6.17% |
| Operating Income Growth % | -62.52% | -196.29% | 35.48% | 207.18% | 154.06% | -203.6% | 142.99% | 253.52% | -39.55% | - |
| EBITDA | 138.9M | 54.44M | 30.87M | 95.94M | 149.06M | -15.8M | 86.6M | 179.29M | 133.46M | 74.73M |
| EBITDA Margin % | 38.86% | 18.32% | 10.68% | 30.24% | 42.03% | -8.07% | 25.52% | 45.77% | 38.16% | 26.6% |
| EBITDA Growth % | -34.08% | -60.81% | -43.3% | 210.81% | 55.38% | -110.6% | 648.08% | 107.04% | -25.56% | -49.75% |
| D&A (Non-Cash Add-back) | 90.89M | 100.67M | 60.7M | 63.97M | 67.83M | 68.35M | 50.42M | 51.4M | 56.15M | 57.41M |
| EBIT | 53.56M | -175.34M | -38.28M | 32.27M | 81.42M | -93.05M | 42.18M | 129.33M | 77.37M | 35.43M |
| Net Interest Income | -11.05M | -20.76M | -48.94M | -42.25M | -31.39M | -26.38M | -27.05M | -29.2M | -30.01M | -32.1M |
| Interest Income | 215K | 347K | 334K | 298K | 0 | 0 | 0 | 1.3M | 731K | 1.42M |
| Interest Expense | 11.27M | 21.11M | 49.28M | 42.55M | 31.39M | 26.38M | 27.05M | 30.5M | 30.74M | 33.52M |
| Other Income/Expense | -52.37M | -158.66M | -65.4M | -42.25M | -31.19M | -35.27M | -21.05M | -29.06M | -30.68M | -15.41M |
| Pretax Income | -4.35M▲ 0% | -204.89M▼ 4605.7% | -95.23M▲ 53.5% | -10.28M▲ 89.2% | 50.03M▲ 586.7% | -119.42M▼ 338.7% | 15.12M▲ 112.7% | 98.83M▲ 553.5% | 46.63M▼ 52.8% | 1.91M▲ 0% |
| Pretax Margin % | -1.22% | -68.95% | -32.95% | -3.24% | 14.11% | -61.01% | 4.46% | 25.23% | 13.33% | 0.68% |
| Income Tax | 102K | 83K | 79K | 71K | 0 | 0 | 23K | 120K | -10K | 0 |
| Effective Tax Rate % | -2.34% | -0.04% | -0.08% | -0.69% | 0% | 0% | 0.15% | 0.12% | -0.02% | 0% |
| Net Income | -4.46M▲ 0% | -204.97M▼ 4499.8% | -95.31M▲ 53.5% | -10.35M▲ 89.1% | 50.03M▲ 583.3% | -119.42M▼ 338.7% | 15.1M▲ 112.6% | 98.71M▲ 553.7% | 46.64M▼ 52.7% | 1.91M▲ 0% |
| Net Margin % | -1.25% | -68.98% | -32.98% | -3.26% | 14.11% | -61.01% | 4.45% | 25.2% | 13.34% | 0.68% |
| Net Income Growth % | -103.89% | -4499.84% | 53.5% | 89.14% | 583.32% | -338.69% | 112.64% | 553.67% | -52.75% | -96.96% |
| Net Income (Continuing) | -4.46M | -204.97M | -95.31M | -10.35M | 50.03M | -119.42M | 15.1M | 98.71M | 46.64M | 1.91M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05▲ 0% | -0.73▼ 1414.5% | -0.67▲ 8.2% | -0.07▲ 89.1% | 0.34▲ 565.1% | -0.74▼ 317.6% | 0.07▲ 110.1% | 0.47▲ 528.3% | 0.22▼ 53.2% | 0.01▲ 0% |
| EPS Growth % | -103.74% | -1414.52% | 8.22% | 89.09% | 565.12% | -317.65% | 110.11% | 528.34% | -53.19% | -96.9% |
| EPS (Basic) | -0.05 | -0.73 | -0.67 | -0.07 | 0.34 | -0.74 | 0.07 | 0.47 | 0.22 | - |
| Diluted Shares Outstanding | 92.53M | 103.83M | 141.97M | 142.57M | 149.29M | 162.55M | 202.03M | 208.81M | 209.9M | 211.75M |
| Basic Shares Outstanding | 89.12M | 103.83M | 141.95M | 142.57M | 149.29M | 162.55M | 202.03M | 208.8M | 209.23M | 211.76M |
| Dividend Payout Ratio | - | - | - | - | 134.4% | - | 150.2% | 90.96% | 188.01% | - |
NAT Balance Sheet
Nordic American Tankers Limited (NAT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 163.71M | 126.99M | 112.94M | 129.37M | 99.52M | 107.11M | 142.66M | 108.91M | 98.77M | 131.88M |
| Cash & Short-Term Investments | 82.17M | 58.36M | 49.33M | 49.67M | 57.85M | 34.74M | 59.58M | 31.08M | 39.18M | 67.58M |
| Cash Only | 82.17M | 58.36M | 49.33M | 48.85M | 57.85M | 34.74M | 59.58M | 31.08M | 39.18M | 67.58M |
| Short-Term Investments | 0 | 0 | 0 | 825K | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 18.07M | 22.47M | 22.59M | 24.58M | 6.35M | 9.37M | 20.47M | 26.29M | 16.22M | 16.06M |
| Days Sales Outstanding | 18.45 | 27.61 | 28.53 | 28.29 | 6.53 | 17.48 | 22.02 | 24.5 | 16.93 | 20.64 |
| Inventory | 20.89M | 23.09M | 20.29M | 22.48M | 19.41M | 20.87M | 49.43M | 42.36M | 28.5M | 30.44M |
| Days Inventory Outstanding | 25.66 | 25.47 | 24.19 | 30.19 | 27.69 | 28.83 | 63.44 | 64.18 | 42.7 | 38.48 |
| Other Current Assets | 2.49M | 4.38M | 1.83M | 29.26M | 10.44M | 37.27M | 7.2M | 4.87M | 8.64M | 9.67M |
| Total Non-Current Assets | 1.19B | 1.14B | 958.17M | 901.53M | 874.83M | 744.04M | 737.22M | 770.29M | 718.82M | 795.09M |
| Property, Plant & Equipment | 1.14B | 1.1B | 953.89M | 900M | 872.34M | 742.15M | 735.13M | 770.13M | 715.27M | 791.84M |
| Fixed Asset Turnover | 0.31x | 0.27x | 0.30x | 0.35x | 0.41x | 0.26x | 0.46x | 0.51x | 0.49x | 0.37x |
| Goodwill | 18.98M | 18.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 16.55M | 12.16M | 4.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10.15M | 15.97M | 83K | 1.53M | 2.48M | 1.9M | 2.09M | 155K | 3.54M | 13.63M |
| Total Assets | 1.35B▲ 0% | 1.27B▼ 5.9% | 1.07B▼ 15.7% | 1.03B▼ 3.8% | 974.35M▼ 5.5% | 851.15M▼ 12.6% | 880.74M▲ 3.5% | 879.2M▼ 0.2% | 817.59M▼ 7.0% | 926.96M▲ 0% |
| Asset Turnover | 0.26x | 0.23x | 0.27x | 0.31x | 0.36x | 0.23x | 0.39x | 0.45x | 0.43x | 0.31x |
| Asset Growth % | 8.72% | -5.88% | -15.7% | -3.75% | -5.49% | -12.64% | 3.48% | -0.17% | -7.01% | 14.18% |
| Total Current Liabilities | 21.52M | 25.33M | 36.29M | 59.03M | 39.68M | 67.64M | 72.41M | 70.48M | 59.78M | 67.5M |
| Accounts Payable | 4.29M | 3.22M | 3.58M | 8.4M | 4.1M | 6.55M | 6.96M | 3.45M | 4.26M | 4.03M |
| Days Payables Outstanding | 5.27 | 3.55 | 4.26 | 11.29 | 5.85 | 9.05 | 8.93 | 5.22 | 6.38 | 6.89 |
| Short-Term Debt | 0 | 0 | 18.69M | 23.54M | 22.09M | 37.55M | 39.7M | 31.9M | 21.56M | 35.4M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 11.52M | 140K | 2.76M | 6.15M | 3.95M | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | -4.35M | 2.4M | 1.8M | 1.82M | 1.62M | 6.58M | 10.36M |
| Current Ratio | 7.61x | 5.01x | 3.11x | 2.19x | 2.51x | 1.58x | 1.97x | 1.55x | 1.65x | 1.65x |
| Quick Ratio | 6.64x | 4.10x | 2.55x | 1.81x | 2.02x | 1.27x | 1.29x | 0.94x | 1.18x | 1.18x |
| Cash Conversion Cycle | 38.83 | 49.53 | 48.47 | 47.18 | 28.38 | 37.26 | 76.53 | 83.46 | 53.26 | 52.23 |
| Total Non-Current Liabilities | 457.33M | 404.67M | 432.79M | 376.45M | 335.54M | 285.28M | 267.49M | 270.41M | 248.99M | 398.34M |
| Long-Term Debt | 442.82M | 388.86M | 417.84M | 375.36M | 334.62M | 283.41M | 266.34M | 269.7M | 248.14M | 397.65M |
| Capital Lease Obligations | 0 | 0 | 0 | 934K | 730K | 1.15M | 535K | 0 | 0 | 0 |
| Deferred Tax Liabilities | -14.51M | -15.81M | -14.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 14.51M | 15.81M | 14.95M | 153K | 197K | 724K | 615K | 717K | 845K | 3.09M |
| Total Liabilities | 478.86M | 430M | 469.08M | 435.48M | 375.22M | 352.93M | 340.75M | 340.89M | 308.77M | 465.84M |
| Total Debt | 442.82M | 388.86M | 436.53M | 399.83M | 356.71M | 320.96M | 306.04M | 301.6M | 269.7M | 433.05M |
| Net Debt | 360.65M | 330.5M | 387.2M | 350.99M | 298.86M | 286.22M | 246.45M | 270.52M | 230.53M | 365.47M |
| Debt / Equity | 0.51x | 0.46x | 0.73x | 0.67x | 0.60x | 0.64x | 0.57x | 0.56x | 0.53x | 0.53x |
| Debt / EBITDA | 3.19x | 7.14x | 14.14x | 4.17x | 2.39x | - | 3.53x | 1.68x | 2.02x | 5.79x |
| Net Debt / EBITDA | 2.60x | 6.07x | 12.54x | 3.66x | 2.00x | - | 2.85x | 1.51x | 1.73x | 1.73x |
| Interest Coverage | 4.26x | -2.19x | -0.61x | 0.75x | 2.59x | -3.19x | 1.34x | 4.19x | 2.52x | 1.06x |
| Total Equity | 871.05M▲ 0% | 840.52M▼ 3.5% | 602.03M▼ 28.4% | 595.42M▼ 1.1% | 599.13M▲ 0.6% | 498.22M▼ 16.8% | 539.98M▲ 8.4% | 538.3M▼ 0.3% | 508.81M▼ 5.5% | 461.12M▲ 0% |
| Equity Growth % | -1.1% | -3.5% | -28.37% | -1.1% | 0.62% | -16.84% | 8.38% | -0.31% | -5.48% | -28.17% |
| Book Value per Share | 9.41 | 8.09 | 4.24 | 4.18 | 4.01 | 3.07 | 2.67 | 2.58 | 2.42 | 2.18 |
| Total Shareholders' Equity | 871.05M | 840.52M | 602.03M | 595.42M | 599.13M | 498.22M | 539.98M | 538.3M | 508.81M | 461.12M |
| Common Stock | 1.02M | 1.42M | 1.42M | 1.47M | 1.51M | 1.84M | 2.09M | 2.09M | 2.12M | 461.12M |
| Retained Earnings | -4.46M | -209.43M | -308.8M | -10.35M | 0 | -171.33M | -156.23M | -57.52M | -10.87M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.04M | -1.19M | -1.32M | -1.4M | -1.32M | -1.58M | -1.81M | -2.09M | -1.82M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NAT Cash Flow Statement
Nordic American Tankers Limited (NAT) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 127.79M | 31.74M | -16.1M | 52.86M | 110.94M | -44.46M | 24.13M | 139.44M | 128.16M | 128.16M |
| Operating CF Margin % | 35.75% | 10.68% | -5.57% | 16.66% | 31.29% | -22.71% | 7.11% | 35.6% | 36.64% | - |
| Operating CF Growth % | -26.72% | -75.16% | -150.73% | 428.25% | 109.89% | -140.07% | 154.28% | 477.79% | -8.09% | -241.5% |
| Net Income | -4.46M | -204.97M | -95.31M | -10.35M | 50.03M | -171.33M | 15.1M | 98.71M | 46.64M | 1.91M |
| Depreciation & Amortization | 92.27M | 102.06M | 76.05M | 68.26M | 72.19M | 71.34M | 54.01M | 52.84M | 57M | 58.26M |
| Stock-Based Compensation | 430K | 522K | 413K | 156K | 285K | 339K | 476K | 2.2M | 1.85M | 1.85M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 33.33M | 121.33M | 3.29M | -1.91M | -40.89M | 65.24M | -13.59M | -18.12M | 1.51M | -59.31M |
| Working Capital Changes | 6.21M | 12.8M | -548K | -3.29M | 29.33M | -10.05M | -31.86M | 3.81M | 21.16M | 21.16M |
| Change in Receivables | 10.1M | -4.4M | -120K | -1.99M | 18.11M | -3.02M | -11.1M | -5.81M | 10.06M | 10.06M |
| Change in Inventory | -4.3M | 18.1M | -2.27M | -233K | 11.55M | -7.31M | -18.07M | 7.07M | 13.86M | 13.86M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -186.81M | -46.53M | 85.05M | -2.32M | -17.48M | -3.46M | -14.34M | -73.67M | -2.62M | -89.03M |
| Capital Expenditures | -138.36M | -37.57M | -4.87M | -2.53M | -18.08M | -17.73M | -95.42M | -73.67M | -2.62M | -122.56M |
| CapEx % of Revenue | 38.71% | 12.64% | 1.69% | 0.8% | 5.1% | 9.06% | 28.12% | 18.81% | 0.75% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.46M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -50.13M | -8.96M | 89.92M | 212K | 602K | 14.26M | 81.07M | 0 | 0 | 10.06M |
| Cash from Financing | 111.29M | -18.96M | -78.03M | -38.25M | -93.08M | 30.51M | 9.01M | -95.67M | -115.05M | 83.22M |
| Debt Issued (Net) | 117M | -55.36M | -68.1M | -35M | -46.23M | -38.74M | -17.41M | -5.22M | -32.74M | 156.52M |
| Equity Issued (Net) | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 0 |
| Dividends Paid | -125.65M | -54.23M | -9.94M | -14.26M | -67.24M | -9.7M | -22.68M | -89.78M | -87.69M | -82.23M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.55M | 0 |
| Other Financing | -130K | -13.13M | 0 | -14.19M | -320K | -1.1M | 0 | -669K | 0 | 8.93M |
| Net Change in Cash | 52.28M▲ 0% | -23.81M▼ 145.5% | -9.03M▲ 62.1% | 12.31M▲ 236.3% | 432K▼ 96.5% | -17.42M▼ 4132.9% | 18.65M▲ 207.1% | -29.94M▼ 260.5% | 11.02M▲ 136.8% | 18.75M▲ 0% |
| Free Cash Flow | -10.58M▲ 0% | -5.83M▲ 44.9% | -20.97M▼ 260.0% | 50.33M▲ 340.0% | 92.87M▲ 84.5% | -62.19M▼ 167.0% | -71.28M▼ 14.6% | 65.78M▲ 192.3% | 125.54M▲ 90.9% | -111.92M▲ 0% |
| FCF Margin % | -2.96% | -1.96% | -7.26% | 15.87% | 26.19% | -31.77% | -21.01% | 16.79% | 35.89% | -39.84% |
| FCF Growth % | 18.51% | 44.92% | -259.99% | 339.96% | 84.53% | -166.96% | -14.63% | 192.27% | 90.86% | -361.34% |
| FCF per Share | -0.11 | -0.06 | -0.15 | 0.35 | 0.62 | -0.38 | -0.35 | 0.31 | 0.60 | 0.60 |
| FCF Conversion (FCF/Net Income) | -28.68x | -0.15x | 0.17x | -5.11x | 2.22x | 0.37x | 1.60x | 1.41x | 2.75x | -58.66x |
| Interest Paid | 9.84M | 19.48M | 32.3M | 35.62M | 27.13M | 23.39M | 23.45M | 29.04M | 29.89M | 0 |
| Taxes Paid | 96K | 102K | 83K | 79K | 71K | 64K | 59K | 23K | 10K | 0 |
NAT Key Ratios
Nordic American Tankers Limited (NAT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -0.51% | -23.95% | -13.21% | -1.73% | 8.38% | -21.77% | 2.91% | 18.31% | 8.91% | 0.41% |
| Return on Invested Capital (ROIC) | 2.99% | -2.89% | -2.07% | 2.48% | 6.61% | -7.5% | 3.45% | 12.03% | 7.49% | 7.49% |
| Gross Margin | 16.87% | -11.33% | -5.92% | 14.33% | 27.86% | -35.01% | 16.2% | 38.5% | 30.35% | 16.6% |
| Net Margin | -1.25% | -68.98% | -32.98% | -3.26% | 14.11% | -61.01% | 4.45% | 25.2% | 13.34% | 0.68% |
| Debt / Equity | 0.51x | 0.46x | 0.73x | 0.67x | 0.60x | 0.64x | 0.57x | 0.56x | 0.53x | 0.53x |
| Interest Coverage | 4.26x | -2.19x | -0.61x | 0.75x | 2.59x | -3.19x | 1.34x | 4.19x | 2.52x | 1.06x |
| FCF Conversion | -28.68x | -0.15x | 0.17x | -5.11x | 2.22x | 0.37x | 1.60x | 1.41x | 2.75x | -58.66x |
| Revenue Growth | -19.81% | -16.87% | -2.73% | 9.76% | 11.79% | -44.8% | 73.35% | 15.43% | -10.71% | -16.03% |
NAT Frequently Asked Questions
Nordic American Tankers Limited (NAT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Nordic American Tankers Limited (NAT) reported $280.9M in revenue for fiscal year 2024. This represents a 5235% increase from $5.3M in 1997.
Nordic American Tankers Limited (NAT) saw revenue decline by 10.7% over the past year.
Yes, Nordic American Tankers Limited (NAT) is profitable, generating $1.9M in net income for fiscal year 2024 (13.3% net margin).
Dividend & Returns
Yes, Nordic American Tankers Limited (NAT) pays a dividend with a yield of 7.24%. This makes it attractive for income-focused investors.
Nordic American Tankers Limited (NAT) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.
Nordic American Tankers Limited (NAT) had negative free cash flow of $111.9M in fiscal year 2024, likely due to heavy capital investments.
Explore More NAT
Nordic American Tankers Limited (NAT) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates